The Income Tax Killer Nobody Saw Coming
Dear Reader,
The government collected $31.4 billion in October.
From tariffs alone. In one month.
Four times what came in last October.
Here's why this matters.
What Trump Just Said
Tariff revenues hit a record $31.4 billion in October alone—four times the $7.3 billion from October 2024—as Trump's 10% baseline tariff plus country-specific rates up to 40% have already collected over $320 billion this year versus $171 billion last year
Trump told service members on Thanksgiving that tariff money could let America "substantially cut and maybe cut out completely" income taxes, with earlier statements suggesting those earning under $200,000 could see taxes eliminated as foreign buyers exhaust pre-tariff stockpiles
The Supreme Court heard arguments November 5th on whether Trump's use of emergency powers for tariffs is legal—a ruling against could kill the program, but if upheld, the Tax Policy Center projects $2.3 trillion in tariff revenue from 2026-2035
Trump called U.S. service members on Thanksgiving.
He told them: "We're taking in hundreds of billions of dollars like we've never done before."
Then the big part:
"Over the next couple of years, I think we'll substantially be cutting and maybe cutting out completely... income tax."
No income tax?
That changes everything.
This Is About Freedom
No IRS taking 20-30% of your paycheck.
No April 15th stress. No tax forms.
That's not just money. That's freedom.
True freedom means keeping what you earn.
Building wealth without the government taking a third first.
The Numbers Are Real
This year's tariffs: over $320 billion.
Last year at this point: $171 billion.
Nearly double.
The Tax Policy Center projects $2.3 trillion from 2026 to 2035.
That's enough to replace income tax for most Americans.
Who Benefits
Trump said anyone earning under $200,000 might see income taxes eliminated.
That's most Americans.
Imagine every paycheck with no federal tax withheld.
Real money in your pocket every month.
The Supreme Court Problem
Here's the catch.
The Court heard arguments November 5th challenging Trump's authority.
Business groups say he can't impose these tariffs using emergency powers.
Trump's team says they're regulatory tools under presidential authority.
The ruling comes by year-end. Weeks away.
If upheld, income tax elimination becomes real.
If struck down, everything stops.
Why Importers Hate This
Companies paying these tariffs hate it. Hurts their profits.
But if your income tax disappears, you win big.
Pay 10% more for imports or 25% of your income to the IRS?
Easy choice.
How America Used to Work
We didn't always have income tax.
It started in 1913.
Before that, America ran on tariffs for over a century.
We might be going back to that system.
Back to freedom.
What's Really Happening
The federal government is discovering it can fund itself by taxing imports instead of taxing citizens.
October's $31.4 billion proves it works.
This is a fundamental shift in who pays for government.
The Foreign Buyer Factor
Trump said foreign buyers are exhausting pre-tariff stockpiles.
Once those run out, revenues spike even higher.
Current record numbers? Just the beginning.
The Geopolitical Play
Countries wanting to sell to America pay up or lose market access.
That's leverage.
Trump is using tariffs as both revenue generator and negotiation tool.
Economic warfare that benefits American taxpayers.
What I'm Watching
That Supreme Court decision determines everything.
Your taxes. Federal revenue. Trade policy.
Nine justices decide it all.
By year-end.
My Take
I've studied taxes my whole life.
This is the biggest potential shift I've ever seen.
Eliminating income tax isn't just policy change.
It's a revolution in financial freedom.
If Trump pulls this off, everything changes.
What You Should Do
Don't assume this happens automatically.
The Supreme Court could kill it.
But if it survives, your financial life transforms.
Plan for both scenarios.
Hope for freedom. Prepare in case it fails.
The Real Question
Can you imagine life without income tax?
Keeping 100% of what you earn?
That's real freedom to build wealth, invest, create.
Without the government taking a third first.
Final Word
October: $31.4 billion in tariffs. Four times last year.
Trump says income tax could disappear for most Americans.
The Supreme Court decides soon if that's legal.
If this works, your financial future just changed.
If it fails, the IRS keeps taking your money.
We're weeks away from finding out if financial freedom is coming back.
Or if it dies in the Supreme Court.
Pay attention.
Robert Kiyosaki
Editor, Money Power and Profit
P.S. STOP! Don't You DARE Buy Gold Right Now.
I don't care if gold is at $4,100. I don't care if everyone says it's going to $5,000. If you buy gold now, you're making a costly mistake. There's a smarter play that could hand you 11X the profits. But the window closes on December 10th when a government meeting changes everything.